(EnergyIndustry.Net, September 22, 2024 ) IP Phone Market size was US$ 3.09 Bn. in 2023 and is expected to reach US$ 7.36 Bn. by 2030, at a CAGR of 13.2% during forecast period.
IP phones, also known as voice over internet protocol technology, utilize hardware and software telephone systems to send and receive phone calls through an internet protocol network. The IP phone changes analogue audio to digital for transmission over the internet, and reverses this process for incoming digital phone signals. The growth of the market is largely supported by the significant contributions of the US and Canada. The increase is credited to the advanced technological advancements and increasing utilization of IP phone in different official sectors throughout the North America region.
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Lighting Fixture Market was US$ 120.10 Bn in 2023 and is expected to grow at CAGR 5.21% in forecast period.
India Terrestrial Laser Scanning Market is expected to grow at a CAGR of 3.42% during the forecast period and it is expected to reach US$ 642.67 Mn. by 2029.
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.
